American Innovation and Manufacturing

Over the past 30 years, business has compensated for the effects of the “cultural divide” and other constraints by leveraging the globalization trend. Consequently, we’ve off-shored manufacturing and other “non-core” segments of the supply chain. Meanwhile, it’s been assumed that multinationals could continue to service their demanding customers in the EU, North America, and Japan by concentrating R&D and marketing in the developed world and manufacturing wherever the cost was lowest. However, it’s becoming increasingly clear that a complex symbiotic relationship exists between “manufacturing execution” and “product/process innovation.” So, it’s not surprising that as the United States remains the world’s most innovative large economy, it is also the world’s second largest manufacturer, after China. What are the implications for global competitiveness, corporate strategy, and American society? We’ll provide the answers.

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